Diversified business conglomerate Videocon Industries today reported 46.77 per cent decline in net profit for the fourth quarter ended December 31, at Rs 86.42 crore.
The company had posted a net profit of Rs 162.36 crore in the same period previous year.
Sales during the October-December period also went down by 2.47 per cent to Rs 3,073.39 crore from Rs 3,151.17 crore in the year-ago period, Videocon Industries said in a filing to the BSE.
For 2011, Videocon’s net profit stood at Rs 545.56 crore, while sales were at Rs 12,919.47 crore, it said.
“The figures for the current year are for a period of 12 months as against 15 months in previous period,” the company said.
Reacting to the results, shares of the company were quoting down by 0.11 per cent at Rs 185.50 apiece on the BSE n late afternoon trade.